Sprint, Altice USA Announce Strategic MVNO Agreement

OVERLAND PARK, Kan. & NEW YORK, Nov 05, 2017 (BUSINESS WIRE) --
Sprint
S, +1.55%
and Altice USA
ATUS, -1.19%
today announced a new
multi-year strategic agreement. Under the terms of the agreement Altice
USA will utilize Sprint’s network to provide mobile voice and data
services to its customers throughout the nation, and Sprint will
leverage the Altice USA broadband platform to accelerate the
densification of its network.

In this first of its kind agreement, Sprint will provide Altice USA with
access to its full MVNO model, allowing Altice USA to connect its
network to the Sprint Nationwide network and have control over the
Altice USA mobile features, functionality, and customer experience. In
exchange, Altice USA will leverage its network to support Sprint’s
network densification efforts and establish a differentiated network
operating model going forward.

“We are incredibly excited to work with Altice USA on this innovative
win-win solution that benefits both of our companies,” said Sprint
President & CEO Marcelo Claure. “As content and connectivity continue to
converge, we believe this approach will be a model for future strategic
arrangements across multiple industries including cable, tech and
others.”

Claure continued, “Sprint has more spectrum and capacity than any other
carrier in the U.S. This is a tremendous advantage, allowing Altice USA
customers to experience our best-ever network that offers the speed,
capacity and reliability that customers demand in this data-driven
world. This agreement also gives us a unique opportunity to accelerate
the work we are doing to massively densify our network across Altice’s
U.S. footprint.”

“Sprint is an ideal strategic partner for Altice USA given our shared
vision around converged customer experiences,” said Altice USA Chairman
& CEO Dexter Goei. “Altice is a convergent leader with more than 26
million mobile customers in countries including France, Portugal,
Israel, and the Dominican Republic, and we are excited to bring our
global expertise to the U.S. to enhance and strengthen our offerings.
Working together we will be able to capitalize on Sprint’s vast mobile
network, which fits well alongside Altice USA’s deep WiFi network, and
leverage Altice’s global mobile experience to deliver greater value,
more benefits and seamless connectivity for our U.S. customers.”

Altice USA is one of the nation’s largest broadband communications and
video service providers, providing internet, TV, WiFi and phone products
under its Optimum and Suddenlink brands. The company is currently
building a next-generation fiber-to-the-home network and is the only
major U.S. cable provider to have announced a large-scale fiber
deployment. Altice USA has more than 4.9 million residential and
business customers making the company a strong starting point in
Sprint’s efforts to leverage the convergence of the connectivity
marketplace. Sprint is working to significantly densify its network
through the deployment of small cells and other solutions, with the goal
of further improving network performance and the customer experience.
Sprint’s Densification and Optimization toolkit includes a variety of
solutions from traditional macro towers to small cells including Sprint
Magic Box, airpoles, strand mounts and repeaters. With spectrum holdings
of 204 MHz of spectrum and more than 160 MHz of 2.5 GHz in the top 100
markets, Sprint has more spectrum capacity than any other U.S. carrier
enabling it to keep pace with customer’s growing demand for Unlimited
data now and well into the future.

About Sprint

Sprint
S, +1.55%
is a communications services company that creates more
and better ways to connect its customers to the things they care about
most. Sprint served 54 million connections as of Sept. 30, 2017 and is
widely recognized for developing, engineering and deploying innovative
technologies, including the first wireless 4G service from a national
carrier in the United States; leading no-contract brands including
Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant
national and international push-to-talk capabilities; and a global Tier
1 Internet backbone. Sprint has been named to the Dow Jones
Sustainability Index (DJSI) North America for the past five years. You
can learn more and visit Sprint at www.sprint.com
or www.facebook.com/sprint
and www.twitter.com/sprint.

About Altice USA

Founded in 2001 by entrepreneur Patrick Drahi, Altice is a convergent
global leader in telecoms, content, media, entertainment and
advertising. Altice delivers innovative, customer-centric products and
solutions that connect and unlock the limitless potential of its more
than 50 million customers over fiber networks and mobile broadband. The
company enables millions of people to live out their passions by
providing original content, high-quality and compelling TV shows, and
international, national and local news channels. Altice delivers live
broadcast premium sports events and enables millions of customers to
enjoy the most well-known media and entertainment. Altice innovates with
technology in its Altice Labs across the world. Altice links leading
brands to audiences through premium advertising solutions. Altice is
also a global provider of enterprise digital solutions to millions of
business customers. Altice is present in 10 territories from New York to
Paris, from Tel Aviv to Lisbon, from Santo Domingo to Geneva, from
Amsterdam to Dallas. Altice (ATC & ATCB) is listed on Euronext
Amsterdam. Altice USA
ATUS, -1.19%
the U.S. business of Altice, is one
of the largest broadband communications and video services providers in
the United States, delivering broadband, pay television, telephony
services, Wi-Fi hotspot access, proprietary content and advertising
services across 21 states through its Optimum and Suddenlink brands.

SAFE HARBOR

This release includes “forward-looking statements” within the meaning of
the securities laws. The words “may,” “could,” “should,” “estimate,”
“project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,”
“target,” “plan,” “will,” “providing guidance,” and similar expressions
are intended to identify information that is not historical in nature.
All statements that address operating performance, events, or
developments that we expect or anticipate may occur in the future —
including statements relating to the success of the new relationship,
including the network densification and operating model, as well as
statements expressing general views about future services, efficiencies,
and network performance and build of such transaction — are
forward-looking statements. Forward-looking statements are estimates and
projections reflecting management’s judgment based on currently
available information and involve a number of risks and uncertainties
that could cause actual results to differ materially from those
suggested by the forward-looking statements. With respect to these
forward-looking statements, management of Sprint and Altice have made
assumptions regarding, among other things, the ability to operationalize
the anticipated benefits from the transaction, including anticipated
efficiencies of the agreement; the development and deployment of new
technologies and services; efficiencies and cost savings of new
technologies and services; customer and network usage; connection growth
and retention; service, speed, coverage and quality; availability of
devices; availability of various financings; the timing of various
events; regulatory approvals and the economic environment. Sprint and
Altice believe these forward-looking statements are reasonable; however,
you should not place undue reliance on forward-looking statements, which
are based on current expectations and speak only as of the date when
made. Sprint and Altice undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law. In
addition, forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
Sprint and Altice’s historical experience and present expectations or
projections. Factors that might cause such differences include, but are
not limited to, those discussed in Sprint Corporation’s Annual Report on
Form 10-K for the period ended March 31, 2017 and in Altice’s filing
with the Securities and Exchange Commission. You should understand that
it is not possible to predict or identify all such factors.
Consequently, you should not consider any such list to be a complete set
of all potential risks or uncertainties.

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